Bermuda

Super-Rich Fear Their Financial Details Will Be Exposed Following Bermuda Cyber Hack

Appleby, a firm based in Bermuda with offices in many tax havens, said it was in the process of warning clients that they may be implicated in a massive leak of sensitive information
Super-Rich Fear Their Financial Details Will Be Exposed Following Bermuda Cyber Hack

Many of the world’s richest and most powerful people are bracing themselves for a huge leak of their information.

The Bermuda hack – which could be something like a repeat of the Panama Papers – may be about to lead to a major examination of the financial, corporate and tax affairs of the most important people on the planet.

High net worth individuals and the world’s biggest companies are gearing up with legal firms and PR companies for the huge drop. But here’s exactly what it means, who will be affected and how.

What’s about to happen?

We don’t know exactly, but something big. A number of media organisations are gearing up to release information from the cyber attack, though it’s not clear what that information will be.

What is Appleby?

This is the biggest clue to what’s about to happen, really. Appleby is a leading offshore law firm that does work for people including the super-rich and many of the world’s biggest international corporations. That works likely to take a number of forms, but much of it happens from Bermuda, where it is based, meaning that it probably has some connection to tax affairs.

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